Have You Heard?

Some interesting information and data in the Corporate Governance Sphere:

DID YOU KNOW?

  • The average age of Directors and mandatory retirement increased over the last five years.
  • The average tenure of S&P 500 Boards has been stable at 8.5 years over the past 5 years.
  • The majority of boards (62%) have an average tenure of between 6 and 10 years.
  • 21% of boards have an average tenure of 11 or more years, compared with 19% in 2010.
  • 17% have an average tenure of five years or less compared with 21% in 2010.

Sources:  Harvard Law School Forum on Corporate Governance and Financial Regulation. N.Y. Law Journal 3/23/17